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(312) 788-7079
Real Estate Company
5937 N Fairfield Avenue, Chicago, Illinois 60659
- $530,000
- 6
- BD
- 2
- BA
- Sold Price
- $530,000
- List Price
- $475,000
- Closing Date
- Mar 20, 2024
- MLS#
- 11960188
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Residential Income
- Bedrooms
- 6
- Bathrooms
- 2
- Gross Rental Income
- $3,000
- County
- Cook
- City
- Chicago
- Neighborhood
- Arcadia Terrace
- Days On Market
- 7
Property Description
Excellent opportunity to own a beautiful, all brick jumbo two-unit building on an extra wide lot, is nestled in the heart of extremely sought after areas including Lincoln Square, Sauganash, North Park, West Ridge, Rogers Park and Arcadia Terrace. The property has two huge 3 bedroom, 1 bathroom units and a full sized dry and unfinished basement with shared laundry. The top floor unit includes upgrades such as 42" Maple Cabinets & Stainless Steel Appliances and a new Bathroom (2016) w/ walk-in shower and nice finishes. Both units also include high efficiency central heat & air, wall to wall hardwood floors, built-in decorative shelves, crown molding, french doors and plenty of closet space. The property also features a nice sized fenced backyard and an all brick garage w/ plenty of room for an additional outdoor space or a garage addition, for 3 full size stalls. This property has been under current ownership for 20 years and has always had a consistent rental history. Current tenants are extremely long term tenants enjoying a very low rent as compared to the market. This is a solid investment in a prime Chicago location with a historically stable and diverse neighborhood known for its quiet tree lined, one-way streets and many beautiful parks and good schools. Set between Mather's and Green Briar parks with great access to public transportation. Solid investment in a prime Chicago location. Walk to Park, Whole Foods, Marianos & Target. Quick access to Expressway & Lake. The property is being sold "As-Is", providing a unique opportunity for investors to upgrade the existing units. Perfectly set up to duplex the main floor with the unfinished basement to raise rents significantly or create up to a 5 bed 3 bath owners unit. This is also a perfect opportunity for a home buyer to convert to a massive single family home, designed specifically to their tastes. Existing tenants are month to month, have been given notice and will be out 4/1 at the latest. The property will be delivered clean and vacant. Tenants require 48 hours notice for showings. ALL SHOWINGS to start on Sunday 2/4. Please reach out to LA to get on the schedule for a showing block on 2/4 or 2/5. On these 2 days we will be able to show you the entire building.
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Additional Information
- School District
- 299
- Elementary School
- Jamieson Elementary School
- Middle School
- Jamieson Elementary School
- High School
- Mather High School
- Corporate Limits
- Chicago
- Tax Year
- 2022
- Tax Amount
- $8,534
- Year Built
- 1923
- Lot Dimensions
- 30X125
- Lot Size Range
- Oversized Chicago Lot
- Units
- 2
- Garage Spaces
- 2
- Parking Spaces
- 2
- Parking Details
- Garage Door Opener, On Site, Garage Owned, Detached, Garage
- Heating
- Natural Gas, Forced Air
- Sewer
- Public Sewer
- Basement
- Yes
- Total Rental Income
- $3,000
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Selling Office: Compass.
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